Sir Paul McCartney has lost his place as the richest man in UK music to a former record label boss.

The former Beatle has topped the Sunday Times' Rich List of music personalities for the past six years.

But while Sir Paul is still estimated to be worth £760m, the paper said his wealth has been overtaken by former Zomba Records boss Clive Calder.

Mr Calder is said to have made £1.2bn selling Zomba - home to Britney Spears and 'N Sync - to BMG in 2002.

Born in South Africa, he obtained UK citizenship in 1975 and is now the 23rd richest among the Sunday Times's 1,000 strong list.

The Beckhams are now worth £65m, according to the Sunday Times

And David and Victoria Beckham saw their combined riches increase from £50m to £65m, putting them in 621st place in the list.

Last year they were 689th. David Beckham is said to have earned £20m last year from his contracts with first Manchester United and then Real Madrid, but more lucratively, a number of endorsement deals.

His overall wealth is put at £55m and his wife on £10m.

Beckham is the richest young sportsman in the list, followed by fellow footballer, the Manchester City player Robbie Fowler, and the boxer Naseem Hamed.

A new arrival on the list this year is Pop Idol's Simon Cowell.

He is now worth £45m, thanks to the worldwide success of the show.

The Sunday Times Rich List - now in its 16th year - is based on identifiable wealth, such as land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies, and excludes bank accounts.

The full list, with information on who tops it for 2004, will be revealed on Sunday. Last year the Duke of Westminster was named as the richest person in the UK.

The Duke, who lives in Eaton Hall, Eccleston, near Chester, was valued at £4,900m.